Inovisi Assets Up by 603 Percent At 1.22 Trillion Rupiah

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Indonesia infrastructure investment company targets more acquisition in 2011

Inovisi Infracom's total net asset as at December 31, 2011, was up 603 percent to Indonesian Rupiah 1.22 trillion from Indonesian Rupiah 186 billion as at the same period last year.

Inovisi in a statement on Tuesday said the increase in total assets would strengthen its position as the leading telecommunication infrastructure company in Indonesia by assets.

The diversified investment company today also reported that its consolidated net profit for the financial year 2010 jumped to Indonesian Rupiah 125.4 billion, from Rp 28.1 billion in the same period earlier, representing an increase of 346 percent.

It said the higher net profit was contributed by the increase in operating income as the telecommunication infrastructure business riding on mobile Internet and cloud data services bullish demand. Jerry added that Indonesia’s strong economy, stable inflation rate and faster access to financing had boosted Inovisi's business in the year 2010.

"We had several years of single business bull run in telecommunication, and moving forward, we consistently seek to keep all our other business segments in oil & gas, coal & mining, power energy and investments - properly balanced," the company's President Director Jerry Djajasaputra said.

The company recently expanded the infrastructure business to cover other industries such as coal trading, oil & gas storage and power engineering services as part of the business diversification strategy.

"We will continue to acquire good assets, especially in telecommunication, mining and energy sectors, and create more value for our investors", added Jerry.

About Inovisi Infracom
PT Inovisi Infracom is a diversified infrastructure investment holding company in telecommunication, energy & resources, oil & gas, power electricity & engineering, mobile Internet, media and e-commerce businesses. The Company provides product(s) and service(s) which enable its customers to engage and get involved in the mobile business via connecting to the mobile telecommunication networks and providing various services to serve the general public. Inovisi’s services serve to improve customer experience (faster access), boost transaction success rate, and increase application reliability. Inovisi’s services include the system design, leasing or outsourcing and also selling of hardware, software and connectivity to its customers. Inovisi investment portfolio includes telecommunication infrastructure, social networking and communications, e-payment solutions, and online marketplaces. Company e-commerce recently extended into oil & gas, mineral, industrial products and services. The Company other businesses includes mineral resources trading, geological research, and project management services. The company also provides power electricity and power plant engineering services, as well as independent power plant (IPP) consulting services. Investment division involves in project financing, seed and bridge investments as well as corporate M&A activities. For further information, visit the company’s web site at: http://www.inovisi.com

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